Alkimiya Launches First DeFi Market for Base Rollup Revenue Trading “`
A Novel Blockspace Tool for Trading Base Rollup Revenue
Singapore, Jan. 14, 2025 — Alkimiya, a pioneering blockspace markets protocol, today launched a novel market enabling direct trading of revenue generated by the Base rollup. Alkimiya’s platform lets users trade a percentage of total gas fees paid to the sequencer, which can vary significantly—even reaching zero in a single day.
Fluctuations in total gas spent directly reflect blockspace usage. Higher user interaction on Base generally translates to higher cumulative gas fees. This new tool is designed to capture value from most on-chain activities increasing gas fees.
“Trading total gas spent offers a unique way to bet on ecosystem growth without using the platform’s governance tokens—especially relevant as Base currently lacks one,” said Leo Zhang, Alkimiya’s founder.
The economic relationship between the ETH mainnet and its rollups remains a topic of debate, primarily concerning who benefits most from transactions shifting from the mainnet to L2s. Leading L2s consistently generate substantial revenue while paying relatively little since EIP-4844.
Launched in August 2023, Base quickly established a large and engaged community, becoming a top revenue-generating L2—exceeding [amount redacted] in revenue.
Alkimiya’s Base L2 market allows active community members to offset transaction costs by purchasing a share of Base’s total gas spent. Base ecosystem bulls can profit from its growth. According to [name redacted], Base’s creator and Coinbase’s head of protocols, a governance token is unlikely. Traditional financial fundamental analysis applies here; factors like bridging volume, active users, and transaction types can predict revenue growth.
The Base gas market continuously reflects anticipated on-chain activity changes. Traders anticipating increased network activity from events like NFT launches, airdrops, or AI agent activity can profit without engaging with the underlying assets.
In November, Base saw a surge in failed transactions due to bots targeting new memecoin launches, causing [amount redacted], sharply increasing network gas prices. Alkimiya now offers users protection against these price swings.
Developed by Anicca Research, a leader in blockspace dynamics, the Alkimiya protocol is based on extensive research and publications.
The Alkimiya Base L2 Gas Market is live on Base. In August, it launched its BTC Feerate Market, enabling trading of average Bitcoin network transaction fees. Traders used this market to profit from on-chain events like the Babylon Cap-1 launch, Magic Eden airdrop, and popular Rune mints.
About Alkimiya
Alkimiya is a blockspace markets protocol facilitating the creation, trading, and settlement of synthetic blockspace resources, such as BTC network transaction fees. Founded in 2021, Alkimiya is a leader in blockspace dynamics, backed by Dragonfly, Castle Island Ventures, 1KX, GMR, Coinbase Ventures, Circle Ventures, Tribe Capital, and Robot Ventures, among others. For more information, visit [link redacted].
Disclaimer: This press release does not solicit investment or constitute investment, financial, or trading advice. Consult a professional financial advisor before investing in or trading cryptocurrencies and securities.
CONTACT: Leo Zhange Founder Alkimiya leo (at) alkimiya.io wen (at) alkimiya.io
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